By Basheer A. Oshodi
Constructing economies equivalent to these in sub-Saharan Africa are seeking life like financial coverage prescriptions. regardless of fiscal development in international locations like Nigeria, poverty and unemployment blight the lives of many, in the middle of lots. at the same time, a lot neo-classical fiscal inspiration is being wondered opposed to the backdrop of world fiscal meltdown, giving upward push to inquiry approximately extra essential methods to sustainable development.In An essential method of improvement Economics, Basheer Oshodi examines modernization theories, dependency theories, international method theories and rising twenty first century financial theories and hyperlinks a neo-modern mixture of fiscal concept with the practicalities of finance in components of the area the place poverty is rife. In a in particular African environment, over 1/2 the inhabitants are Muslims, Oshodi considers Islamic finance within the context of the triple background of indigenous tradition, Westernized Christianity, and Islam. He argues that the foundations of Islamic banking and finance could be built-in with different components of that historical past, targeting assembly the demanding situations of poverty and unemployment. Islamic finance isn't just a religiously-oriented, Sharia-compliant, substitute monetary version. it could possibly give a contribution to total socio-economic transformation and a much wider, people-centred method of monetary improvement. foreign organisations, monetary associations, reserve banks, coverage makers, donor companies and scholars will locate resonance during this worthwhile addition to Gower's Transformation and Innovation sequence.
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Extra info for An Integral Approach to Development Economics: Islamic Finance in an African Context
This story of who I am within the context of the Nigerian state leads to the next chapter on economic development issues in Nigeria, which over time have been viewed quantitatively from the angle of economic growth. Here, the approach has been further evolved, acknowledging past research but placing a lot more weight on real economic development while examining the quality of life and perceptions of the indigenous people. This page has been left blank intentionally 2 Economic Development in Nigeria Introduction Chapter 1 analysed the factors that shaped my burning issues, starting with the general research GENE and then applying it to my own personal GENE which drew out my GENEius, as it were, and hence this research as a whole.
He says that the business environment in Nigeria has failed. Infrastructure and utilities are intermittent, and this causes delays in the ability to produce in good time. Regulatory services have some bureaucracy, but do not really affect his little business. He is affected by the inability to gain access to additional finance (US$500–1,000) that would help his business grow quickly. ’ On political stability, he argues that after fourteen years of uninterrupted democracy, the system has not changed; hence, government is not effective in any way.
My experience My experience is characterized by the story of my life as accessible to me and interpreted by me, or the story of my creation (Jerome Bruner, in Randall 1995). I attended Corona Primary School – a unique and expensive private primary school in Lagos with kids of diplomats, foreign expatriates and top government officials – while my secondary school was a subsidized military school in Kaduna, northern Nigeria. I wanted to go to the military college for my tertiary education to become a military officer and take part in governance, since the military were the ones always in power.
An Integral Approach to Development Economics: Islamic Finance in an African Context by Basheer A. Oshodi